DEFIANCE, Ohio, Oct. 25, 2007 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data processing, today announced its technology subsidiary, RDSI, has entered into a contract to provide data processing to The Cattle National Bank and Trust Company based in Seward, Nebraska.
The Cattle National Bank has been a data processing service provider to other community banks within Nebraska since 1995. The decision was made by the Bank to seek and develop a partnership with a technology service provider with the same vision and goals. The decision to utilize RDSI as a technology partner was based upon RDSI's reputation for personalized service, sound operations, and knowledgeable staff. "We look forward to a smooth conversion for us and the other banks we are servicing as we begin our association with RDSI. We expect their well-known commitment to customer service and their industry experience to make this an easy transition," stated Ryne Seaman, President of The Cattle National Bank and Trust Company.
"RDSI was interested in the Nebraska market and we were looking for a technology provider that we could partner with to bring the service standards we gave our clients and together move to the next level," continued Mr. Seaman. Both Cattle and RDSI utilize the Information Technology Inc. (ITI) banking software. As part of this agreement, Cattle National Bank and RDSI will team together as business partners to expand the RDSI offering to other Nebraska banks. Chris Schmit and the staff of the IT department at Cattle National Bank will remain an integral part of this partnership arrangement.
"We welcome the opportunity to become a technology partner with The Cattle National Bank. Ryne and his staff are dedicated to their community bank principles and we are pleased to support them in meeting their community commitments," commented Hank Thiemann, President of RDSI.
Kenneth A. Joyce, President and CEO of Rurban Financial Corp. stated, "Our recent entrance into the Nebraska region supports our strategy to grow and serve the financial industry; leading with our personalized service and expertise, which starts with their conversion and continues with their day-to-day operations. We are proud to have Cattle National Bank as our partner."
About Rurban Financial Corp.
Rurban Financial Corp. is a publicly-held financial services holding company based in Defiance, Ohio. Rurban's wholly-owned subsidiaries are The State Bank and Trust Company, including Reliance Financial Services; Rurbanc Data Services, Inc. (RDSI); and DCM. The State Bank and Trust Company offers financial services through its 18 branches in Allen, Defiance, Fulton, Lucas, Paulding and Wood Counties, Ohio and Allen County, Indiana. Reliance Financial Services, a division of the Bank, offers a diversified array of trust and financial services to customers throughout the Midwest. RDSI and DCM provide data and item processing services to community banks in Arkansas, Florida, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin. Rurban's common stock is quoted on the NASDAQ Global Market under the symbol RBNF. The Company currently has 10,000,000 shares of stock authorized and 4,999,433 shares outstanding. The Company's website is http://www.rurbanfinancial.net.